Gogo Inc reported second-quarter 2026 results that missed analyst expectations on both revenue and earnings as the company navigates a critical transition to its next-generation satellite and 5G connectivity platforms. While total revenue declined 1% year-over-year, service revenue from the military and government segment reached a record high, partially offsetting sequential declines in legacy equipment sales.
Key Highlights
- Next-generation equipment shipments totaled 246 units during the quarter, comprising 108 Gogo Galileo (LEO) terminals and 138 Gogo 5G units, bringing cumulative Galileo shipments to 518.
- Military and government service revenue surged 40% year-over-year to $39.9 million, driven by sustained demand for secure airborne broadband.
- Aircraft online (AOL) for the Gogo Galileo service increased 66% sequentially to 184 aircraft, up from 111 at the end of the first quarter.
- Management updated FY2026 Adjusted EBITDA guidance to a range of $175 million to $185 million, reflecting a $14 million increase in projected litigation expenses.